Apartments & Homes for Rent in Elmwood, IL

Apartment for rent at 101 N Rose, Elmwood, IL 61529

Welcome to Elm Haven, presented by Acceleration Properties. We have several units available for lease. For more information and to schedule a showing, please contact us. Pet Friendly.

Apartment for rent at 305 N Pleasant View St #1, Elmwood, IL 61529

Featured

Managed by Breakthrough Solutions Properties

$750

Apartment2 Beds1 Bath750 ft²

305 N Pleasant View St #1

Elmwood, IL 61529

Look forward to coming home to this charming 2 bedroom apartment home. Located in a quiet neighborhood within walking distance of Downtown Elmwood. Enjoy the large updated eat-in kitchen and the open large living room. This home offers both comfort and functionality with plenty of room for storage. We are pet-friendly. We do require a $300 one-time non-refundable pet fee (covers up to 2 pets) due prior to move in and $25-50/pet/mo pet rent. Unit Details: 2 bedroom, 1 bathroom home. Fresh paint throughout the entire home. Large, Updated Kitchen. Off-Street Parking. Elmwood City School District.

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What to Know About

Life in Elmwood & Beyond

Elmwood shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Elmwood, IL

As of April 2025, Elmwood's rental market is cooling, with increasing rental inventory, where landlords may start offering small incentives to attract tenants. Elmwood's average rent is 35.4% ($619) lower than the Illinois average of $1,749 and 37.2% ($669) lower than the U.S. average of $1,799.

Average Rent

$1,130

Monthly ChangeMonth Over Month Change

0.3% ($3)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$895	No change	No change
2 Beds	$1,153	No change	No change
3 Beds	$1,296	No change	No change

Nearby Cities	Average Rent	Avg. Rent vs. ElmwoodAverage Rent vs. Elmwood	Avg. Days on MarketAverage Days on Market
Peoria	$957	15.3% ($173)	41 days
Canton	$670	40.7% ($460)	35 days
Pekin	$694	38.6% ($436)	38 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Elmwood Rental Market FAQs

Explore rental prices, market trends, and availability in Elmwood, IL.

What is the average rent in Elmwood, IL?

The average rent in Elmwood, IL is $1,130 per month.

What is the rental price range for homes in Elmwood, IL?

Homes in Elmwood typically rent for between $627 and $1,685 per month, with an average of $1,130 per month.

What is the average rent for different bedroom sizes in Elmwood, IL?

In Elmwood, the average rent for a 1-bedroom home is $895 per month, for a 2-bedroom home, $1,153 per month, and a 3-bedroom home is $1,296 per month.

How do rent prices in Elmwood, IL compare with the national average?

The average rent in Elmwood is 37.2% ($669) lower than the national average of $1,799 per month.

How competitive is the rental market in Elmwood, IL?

The rental market in Elmwood, IL, is currently cooling, with increasing rental inventory, where landlords may start offering small incentives to attract tenants.

How long do rentals stay on the market in Elmwood, IL?

In Elmwood, IL, the average rental stays on the market for approximately 70 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Elmwood, IL?

There are currently 2 rental properties available in Elmwood, IL.

Can I afford to rent a home in Elmwood, IL?

Based on the current averages, a household would need an annual income of $46,120 to comfortably afford a 2-bedroom home in Elmwood.

Life in Elmwood & Beyond

Elmwood, IL

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